Risks to selling your house fast
There are risks involved with selling a house with speed, but that doesn’t mean you need to worry. Instead, you need to be aware of what to look out for so that you can mitigate your risk.
When you want to make more money, it can be tempting to list your house for a higher price than other similar properties in your area. If your house is priced too high, it will sit on the market for a long time and eventually be sold at a lower price, both are counterproductive to your goals.
To avoid overpricing your house, our team uses recent market data and comps in the area. Those will inform us of a price range that will attract the most offers and net you the most money,
Another potential risk is accepting a lower offer than you wanted because you’re pressed for time. Some people in the real estate space are known for scamming sellers by using predatory tactics like bait-and-switch. They know that there’s “no waiting” on cash, so they try to reduce the price to get you to accept a lower offer.
Sundae’s marketplace on the other hand makes the home buying process simple for investors. It incentivizes them to put their best offer first if they want to get it accepted. Plus, there’s no obligation to say yes if you don’t like the offer.
Compare multiple offers for your house on your timeline
On Sundae’s marketplace, you have the chance to attract multiple offers. Though this isn’t a guarantee, our latest data shows that homeowners average 22 offers when selling with Sundae. The reason is simple: a marketplace format generates competition from our pool of over 20,000 cash home buyers.
Since investors are competing with one another for your business, they’re incentivized to put their best offer first. It may even help you get more than you asked for in the first place
|Sample offer price||$410,000||$430,000|
|Typical Seller Fees|
|· Commission / Service fees||$0||$21,500||(5%)|
|· Closing costs||$0||$4,300||(1%)|
|· Repair costs||$0||$8,600||(2%)|
|· Cleaning charge||$0||$1,000|
|· Admin / Misc.||$0||$500|
|What you could actually get||$410,000||$394,100|
Typical seller fees do not include payoff of loans, prorated/property taxes, HOA charges, or payoff of other secured liens against property. At Sundae, although Sellers typically pay no commission fees, we do receive a commission from the buyer which is deducted from the gross offer. The information for MLS and/or iBuyer transactions and data are not representative of all MLS and/or iBuyer transactions, and is solely provided here as an example of how Sundae transactions may compare and contrast to a MLS and/or iBuyer transaction. Other terms, conditions, and/or fees may apply for all transaction types shown above. The information provided is solely an estimate based on data currently available to Sundae and not, in any way, a promise of an actual offer to be received from Sundae's marketplace.
When you should turn to Sundae
Sundae helps you sell your house off-market for the highest price, without any work, in any condition. We specialize in selling houses as-is. We’ve helped sellers in situations like these and more.
Property is dated or in need of repairs
Downsizing or relocation due to retirement
Structural issues, unpermitted work, or condemned houses
Inheriting a property you can’t keep
Financial distress such as medical bills or foreclosure
Sudden or unexpected life events
Vacant or problematic rental house
Damage from natural disasters